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[posting]54396397[/posting]und da ist auch schon die Antwort von Mr. Curtis Thank you for your email. I will do my best to speak to your issues. First, I’m not sure EFR has been underperforming – I suppose it all depends on what timeframe you look at. I quickly looked at the share performance since January 1, among the EFR (UUUU on the NYSE), URG and UEC. Through today’s close, year-to-date UEC is up 18%, URG is up 39%, and we are up 24%. Though, I would agree that we are strongly under-valued. I will say we are considering adjusting our messaging to reflect just how “ready to go” Energy Fuels is compared to our peers. We are the 2nd largest producer in the US today (based on guidance, Cameco is 1st at about 1.2 million lbs., we are 2nd at 1,035,000 lbs., URG is 3rd at about 561,000 lbs., and UEC is not producing). However, compared to all of these companies, we have a unique ability to quickly scale up our production from the ~1 million lbs. per year we are doing now to much higher levels. URG and UEC simply cannot accomplish this with the assets currently in their portfolio. We have significant unused processing and production capacity that is permitted, constructed, and ready to go. We have permitted mines that are permitted, constructed, and ready to go. We have “all-in” costs that are the same or lower than our peers. And, we have an excellent reputation among utilities. So, as prices rise, I think we are in a good position to capitalize. As for the recent Insider Selling, it was all done for tax purposes. In order to save Company cash, our management/board is under a pay freeze and most cash bonuses have been suspended. Therefore, we are accepting some of our compensation in Company shares (Restricted Share Units, or RSU’s, to be exact). After they are granted, the RSU’s then vest over time – 50% vest 1 year after the grant, 25% vest 2 years after the grant, and the remaining 25% vest 3 years after the grant. This happens each January. So this past January, we all had RSUs that vested. Since this is compensation to all of us, it is taxable as ordinary income and tax withholdings must be made to the US government. Therefore, we were all forced to sell a certain percentage (right around 40%) of our shares that vested. As you note, we put the ATM in place in December with the intent to raise capital on the open market during times of relative share price strength, but only in a way that minimizes impacts on our share price. Unfortunately, I cannot comment extensively on our use of the ATM. However, we are required to report usage on the ATM in our financial statements. Therefore, our 2016 annual financial statements, which we expect to release in early- to mid-March, will have information on our usage of the ATM (I believe including 2016 and 2017 through the date of our filing). Our catalysts are mainly related to the price of uranium. The price of uranium went up from $17.75 on December 1 to $26.50 on February 13 (up 49%). During the same time period, our share price went from $1.41 to $2.51 (up 78%). URG and UEC were up 81% and 98%, respectively. So, we slightly underperformed those companies during that time period. Uranium prices have dropped back from $26.50 to $24.00 today (according to TradeTech), and all of our shares have dropped as a result. Other catalysts might be for a reduction or elimination of uranium sales by the U.S. Department of Energy (5-8 million lbs. per year). Rick Perry – who is Trump’s nominee to head the DOE – has committed to taking a hard look at those sales and stopping them if they are (1) illegal or (2) they hurt US uranium production – we argue they are both illegal and harmful to domestic production. We are planning to release more drill results on our Canyon Mine and potentially a new resource estimate that hopefully increases the size of the high-grade uranium resources in this fully-permitted and almost fully-developed mine, along with describing the high-grade copper resources. We hope to announce the final permitting on the expansion of our Nichols Ranch Project (we announced EPA approval last week, and we think we’ll get final final government approvals in the next few months). And, we are always working on other sources of revenue from alternate feed sources, so we might have some more of that business come through this year. So, that is what is going on here. I hope this helps. Thank you for your continued support. Curtis |
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| aus der Diskussion: | Energy Fuels (EFR.TO) Uranium prodcent in 2012 ! |
| Autor (Datum des Eintrages): | peterhuber91 (24.02.17 00:18:56) |
| Beitrag: | 1,126 von 4,564 (ID:54399280) |
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